Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Freestanding Franchise American Restaurant with Drive-thru
(Restaurants)
Tarrant, Texas
Listed Price: $ 1,100,000
Listing ID: 000411

Listing DetailsDown Payment: $ 275,000
Gross Revenue: $ 671,792
Cash Flow: $ 135,112
FFE: $ 100,000 (Included in Price)
Real Estate: $ 1,100,000 (Included in Price)
Inventory: $ 5,000
Reason for Sale:

Other Opportunities


Training & Support:

Owner will provide training along with franchise HQ providing extensive training for a smooth transition into the business. Such training will take place locally in Dallas.


Listing SummaryBusiness Description:

Franchise home-style cooking American restaurant established for a decade in the epicenter of a busy community is available for sale. Established in early 2004 by the current owner and has built a strong foundation in the last decade of operation. This is the only quick service traditional home-style cooking American restaurant within the immediate market area. Any other business nearby this restaurant doesn’t provide a drive-thru and are fast food chains. The location of this business is in a low-middle class community which makes a majority of the restaurant's customer base. Net sales have been around $740,000-850,000/year for the past 3-4 years without any owner involvement in the main operation. More active owner involvement, coupled with pro-active marketing in local neighborhoods and local business will help achieve a significant increase in gross sales if properly done in the right areas. Also the business is anchored very well by the major grocery chain in the nearby retail strip center and could be used to potentially increase drive-thru sales with marketing. As all the menu items were created to provide quick service, both dine-in and drive-thru are exceptionally fast and can handle increase of customers. The menu consists of many traditional American cuisines such as fried chicken, grilled chicken, chicken fried steak, grilled fish, pot roast, breakfast sandwiches, desserts, and much more. Acquisition of this well-known franchise along with great marketing will provide what this business needs to reach its full potential.


Competition:

Only drive-thru home-style cooking of American cuisines in the immediate market and any other similar businesses are all low fast food quality without drive-thru.


Potential Growth:

Proactive marketing needs to be done to fully utilize this business, already anchored by a major grocery chain to bring potential customers. Large signage in front of the facility allows for fantastic visibility around the intersection.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationMonthly Rent: $ 0
Square Footage: 2522
Facilities:

This facility is located in a prime location with great visibility and the drive-thru consists of 60% of total sales. All equipment is in excellent condition and well maintained along with a state-of-the-art facility. This gorgeously built standalone building with drive-thru can be converted into other type of restaurant in order to maximize potential of this prime location.


OperationYear Established: 2004
Employees: 4FT/7PT
Absentee Owner: Yes